63 years as the most relevant development bank for the region

Throughout six decades the Central American Bank for Economic Integration (CABEI) has supported the economic growth and social welfare of the region as its main resource provider.

Created in 1960, CABEI has become the strategic partner of the Central American nations by promoting their economic and social integration with significant contributions in such areas as highways, port works, airport infrastructure, electrification and telecommunications development, among others.

Currently, CABEI is the main source of financial resources to the region. From its establishment through 2019, the Bank made disbursements amounting to US$38.06 billion; more than 53% have been made in the last 10 years.

In order to attend the needs of the region, last year the Bank's Board of Governors increased the Institution's authorized capital by US$2.00 billion, from US$5.00 billion to US$7.00 billion, and established the conditions applicable for the subscription of shares in the framework of the aforementioned increase.

This step implies a greater allocation of resources from external sources to operations related to climate change, which will enable increasing the flow of financing to the countries under competitive conditions, consolidating CABEI's position as the most important multilateral bank for the region.

Since 2019, CABEI has been the best Latin American risk with its ratings in the “AA” range. However, there is still room for improvement and, as such, an “AAA” rating will be sought within the framework of this capital increase.

The foregoing in order to streamline the financial conditions offered by CABEI to borrowing countries, placing them at levels similar to those offered by multilaterals with "AAA" ratings.

On its 60th anniversary, CABEI reaffirms its role as the Development Bank created with the sole purpose to address the needs of Central America.